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The European Commission has announced that it has approved, under the EU Merger Regulation, the proposed acquisition of Activision Blizzard by Microsoft in a deal worth $68.7 billion. During its in-depth investigation, the EU determined that the deal wouldn't harm the console market, and while it did find that cloud gaming could be negatively affected—something that led the UK's Competition and Markets Authority (CMA) to block the deal entirely back in April—the EU is apparently satisfied with the remedies that Microsoft had presented to address those concerns. "Microsoft’s proposals, accepted by the European Commission today, would allow Microsoft to set the terms and conditions for [the cloud] market for the next 10 years," the CMA warned in a series of tweets that it sent out today to confirm that it "stands by its decision."
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